Of the fives basic types of savings and investing account, Which is the riskiest?

Pacific Railroad Corporate Bond

Putnam Investors Mutual fund (general fund)

Of the fives basic types of savings and investing account, Which is the least risky?

Pacific Railroad Corporate Bond

Putnam Investors Mutual fund (general fund)

Of the fives basic types of savings and investing account, Which would you expect the highest rate of return on?

Putnam Investors Mutual fund (general fund)

Pacific Railroad Corporate Bond

Of the fives basic types of savings and investing account, Which would you expect the lowest rate of return on?

Pacific Railroad Corporate Bond

Putnam Investors Mutual fund (general fund)

What is the least expensive auto insurance that meets state requirements?

Comprehensive and collision Insurance

What is the most expensive auto insurance?

Comprehensive and collision Insurance

Hunter is looking at getting a new vehicle. Hunter is a single person with no children that drives an average of 24,000 a year. He is comparing leasing and purchasing. He found a closed-in lease that would allow for 36,000 miles for a three year lease. Could leasing be a good option for him?

No, his miles would be over the lease contract and there would be additional fees

Yes, his miles would be under the lease contract and there would be no additional fees.

Yes, his miles would be over the lease contract and there would be additional fees

No, his miles would be under the contract and there would be no additional fees

Hunter is looking at getting a new vehicle. Hunter is a single person with no children that drives an average of 10,000 a year. He is comparing leasing and purchasing. He found a closed-in lease that would allow for 36,000 miles for a three year lease. Could leasing be a good option for him?

Yes, his miles would be under the lease contract and there would be no additional fees.

Yes, his miles would be over the lease contract and there would be additional fees

No, his miles would be over the lease contract and there would be additional fees

No, his miles would be under the contract and there would be no additional fees

Financial Math Study Guide for Test 2

Quiz

•

Mathematics

•

12th Grade

•

Practice Problem

•

Medium

•

CCSS

6.RP.A.3C

Standards-aligned

Melanie Burnette

Used 2+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What is one real advantage of having a credit card?

There is no real advantage.

Establishing a credit score.

Renting a Car.

Easy to use.

2.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

What is the range of a GOOD credit score?

720-760

700-850

350-500

700-800

What is the range of a GREAT credit score?

720-760

700-850

760-800

700-800

4.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

What is the maximum percent of your monthly gross income you should have set aside to pay debt payments?

10%

24%

30%

36%

What are the advantages of having good credit?

Higher interest rates on loans, lower chances of loan approval, limited credit card offers, inability to negotiate better terms on loans, and limited financial opportunities.

No impact on interest rates on loans, no impact on chances of loan approval, no access to better credit card offers, inability to negotiate better terms on loans, and limited financial opportunities.

Lower interest rates on loans, higher chances of loan approval, access to better credit card offers, ability to negotiate better terms on loans, and improved financial opportunities.

Higher interest rates on loans, lower chances of loan approval, limited credit card offers, inability to negotiate better terms on loans, and limited financial opportunities.

6.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Which of the following is not a type of debt that is available to individuals?

Credit Card

Mortgage loan

Business loan

Pay in 4

7.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

True or false: You do not have to carry car insurance if your car is paid for.

True

False

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Financial Math Study Guide for Test 2

20 questions

What is one real advantage of having a credit card?

What is the range of a GOOD credit score?

What is the range of a GREAT credit score?

What is the maximum percent of your monthly gross income you should have set aside to pay debt payments?

What are the advantages of having good credit?

Which of the following is not a type of debt that is available to individuals?

True or false: You do not have to carry car insurance if your car is paid for.

The five basic types of savings and investing are: Savings accounts, certificates of deposit, Christmas club, mutual funds and EFT's.

The five basic types of savings and investing are: Savings accounts, certificates of deposit, bonds, stocks, and mutual funds.

Of the fives basic types of savings and investing account, Which is the riskiest?

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